Emirates airline chalks record annual profit as travel demand booms

An Emirates Airlines plane Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up 63% from the year prior. The flag carrying airline of the UAE’s glitzy commercial capital has enjoyed … Read more

Emirates’ chairman has a message for Boeing: ‘Get your act together’

DUBAI, United Arab Emirates — One of Boeing’s biggest customers issued a call to action to its new management team, expressing frustration with the safety crisis facing the American planemaker and the consequent delays in order deliveries. “We’re not happy really with what’s going on, we always really wanted to see this aircraft entering the … Read more

Abu Dhabi AI firm Presight buys majority stake in technology joint venture AIQ

A general view of the city skyline at sunset from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates. Dan Kitwood | Getty Images DUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company (ADNOC) and G42, … Read more

Dubai’s new airport will be five times the size of its current one

Digital render of the planned entrance of Dubai’s Al Maktoum International Airport, set to be the biggest in the world upon completion. Dubai Media Office DUBAI, United Arab Emirates — Dubai’s leadership approved a 128 billion dirham ($35 billion) plan to build a new passenger terminal at the emirate’s Al Maktoum International Airport, which will … Read more

JPM calls for reality check on energy transition are sensible

JPMorgan’s calls for a “reality check” on the world’s energy transition goals and pathway is a “sensible,” the UAE’s energy minister told CNBC. “We need always, whenever we put up predictions, especially long term ones, to have a reality check,” Suhail Al Mazrouei told CNBC’s Dan Murphy in Riyadh, Saudi Arabia on the sidelines of … Read more

NASA releases satellite photos of record UAE flooding

NASA released photos of parts of Dubai and Abu Dhabi before and after the United Arab Emirates was hit by record rainfall last week that caused dangerous floods and paralyzed much of the country. The images, taken by NASA Earth Observatory on Friday using Landsat data from the U.S. Geological Survey, show large patches of … Read more

Central Bank asks lenders to defer loan repayments

Cars are stranded on a flooded street in Dubai following heavy rains on April 18, 2024.  Giuseppe Cacace | AFP | Getty Images The United Arab Emirates’ central bank sent a directive to the country’s lenders and insurers approving the deferring of loan repayments for six months, as residents and businesses reel from historic floods … Read more

Emirates Airline CEO issues apology after Dubai flood chaos

People queue at a flight connection desk after a rainstorm hit Dubai, causing delays at the Dubai International Airport, United Arab Emirates, April 17, 2024.  Rula Rouhana | Reuters The CEO of Emirates airline issued an apology letter to customers over the weekend after historic rains in the United Arab Emirates caused record flooding and … Read more

CEO expects normal service within 24 hours

Passengers queue at a flight connection desk at the Dubai International Airport in Dubai on April 17, 2024. Afp | Getty Images The CEO of Dubai Airports said Friday that he expects services to return “close to normality” within 24 hours after the major transit hub was hit by unprecedented flooding. The United Arab Emirates … Read more

Did cloud seeding cause Dubai flooding? What to know about the science – National

The United Arab Emirates (UAE) capital of Dubai remains flooded after a deluge of rain that fell earlier this week. By Tuesday, 142 millimetres had fallen in about 48 hours – which is about 50 per cent more than the annual total precipitation. The Dubai International Airport is the world’s busiest for international travel and … Read more